Northwest Labor Press is an independent union-supported newspaper founded in 1900. Our print version is mailed twice a month to about 45,000 members of over three dozen local unions in Oregon and Southwest Washington. Our online version has been maintained here since 1997.
Tag:
Multiemployer Pension Reform Act of 2014
Retirement
Federal pension rescue is expected to help 2 million union members
The Biden administration rescued pension funds headed toward insolvency, preventing two million union members from losing benefits.
National
How the COVID relief bill saves union pensions
The just-passed COVID relief bill will rescue and restore over 100 declining union pension plans.
Retirement
To restore their pension, Plasterers reduce benefits
The 2008 financial crisis is still claiming new victims.
Retirement
Despite lopsided ‘no’ vote, Western States OPEIU cuts retiree benefits to halt slide to insolvency
As of Oct. 1, pension benefits were cut as much as 30 percent for retired members of Office and Professional Employees International Union in the Western United States.
Retirement
Pension crisis sparks reform debate
Over a million union members are in pension funds that are headed for insolvency. Here's how Congress created the crisis.
National
Congress looks at failing multi-employer pensions
One solution, favored by many Democrats, is to have the Treasury step in to help.
Retirement
OPEIU pension seeks to cut retiree benefits
The proposed benefit cuts of 29 percent are supposed to save a pension plan that would otherwise run out of money in 2035.
Retirement
Treasury rejects Teamster pension cuts
The proposed pension cuts to 300,000 retirees are unfair and confusing — and not deep enough to prevent insolvency.
Retirement
PBGC readies rules to cut retiree pension benefits
Severely distressed union pension plans may soon start cutting benefits for existing retirees.
Retirement
Big change to law on union pensions
Pensioners could share the pain under a new law that lets trustees cut benefits to make plans solvent
Retirement
Congress passes major change to law on union pensions
Told no bailout would be coming, trustees asked for the right to trim benefits to save the fund
Retirement
Congress to weigh letting union pension plans cut benefits to remain solvent
Wall Street losses are putting pension plans — and union construction firms — at risk
